Expenditures after Acquisition}

Listed below are several transactions:

a. Paid \(\$ 80\) cash to replace a minor part of an air-conditioning system

b. Paid \(\$ 40,000\) to fix structural damage to a building

c. Paid \(\$ 8,000\) for monthly salaries

d. Paid \(\$ 12,000\) to replace a manual cutting machine with a computer-controlled machine

e. Paid \(\$ 1,000\) related to the annual painting of a building

\section*{Required:}

Classify each transaction as a revenue expenditure, a capital expenditure, or neither.

\section*{OBJECTIVE 6 Brief Exercise